It's absolutely doable to manage an airbnb yourself from another state or country, but it is time intensive learning the ropes and getting all your systems and vendors in place. 

profits because of intense competition run 10 to 15% of Gross... so 300k house will NET  30 to 45k  all in with all cost associated with the build job.  20% of gross does happen as well on some of the higher priced properties were completion thins out dramatically. 

You can find properties in Newark that cash flow like crazy (on paper), but many investors won't touch them because they're generally more management intensive, and you really need to know the neighborhood and the street.

They are cash cows... for the most part, but they CAN BE management intensive.

@Zeb B.Hey,I would look into the university’s sport schedule and the popularity of their are football and basketball programs (especially homecoming).

That is obviously a cash intensive strategy, so I looked into hard money.  

Squeezing out the cash flow you think you're getting on your class D property (ignoring what you ACTUALLY get) is far more management intensive than not screwing up leasing out a property near UT-Austin. 

@Elizabeth ChanI hate to be the heretic here but 9% cash on cash for a short term rental is not great.STRs are much more management intensive than long term rentals.

Simply stated, they have increased in value so much that I can get a better return by simply putting the money in a CD.I'm also selling all my maintenance intensive properties, primarily for the same reason. 

Flipping sounds capital intensive to start (some people say i can raise a lot of private funds for the fix and flip and others say I need most of my own capital to start)My question is, what should be a very rough business plan or somewhere I can aim my sights on.